And just the other day, I was grabbing coffee with a friend who reps a group of invsetors out in San Antonio.. they got burned early on by not clarifying their rental criteria, picking up a triplex that sounded good on paper but turned out to have a revolving door of problematic tenants.A baseline business plan isn’t just a mind-numbing exercise.. it’s the guardrail that keeps your momentum from swerving off into the ditch.

An investor with shallow pockets could get burned in Austin at this time.........proceed with caution.  

You should never allow a wood burning fire place in a rental property to be used by tenants.

Quote from @Matthew Becker: Do the rivers still burn in Cleveland? 

I like smaller companies whose owners are not brand new but not old and burned out either.

What’s worse is many investors who do get burned become afraid of investments in general and keep their money “safe” at bank rates of return.  

Don’t accept any subject to offers since they will burn into your deal time.3.  

We don’t burn our bridges when they get more expensive, we just use them less.

I know in business that every dollar counts but is it worth it to burn a relationship? 

It is a fabulous resource and I hope you don't get burned out by all the questions.